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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 75.26+1.2%Jan 15 3:59 PM EST

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To: RetiredNow who wrote (54783)8/30/2001 2:34:29 PM
From: Stock Farmer  Read Replies (1) of 77400
 
mindmeld - Take a glimpse at the CSCO chart (30 m or more frequent) for the last ten days or so. The chart looks like a few of my low-temp-quantum experiments where "quantum levels" were observable amidst the noisy signal. In this case the quanta appear separated by exactly $1.00 and are on the $1.00 boundaries.

Today's action so far is glaring. $17 deteriorates down to $16 within a few hours and then noise thereafter.

Reminiscent of the $5.00 quanta it bumped up against on the way down from $70. I would guess therefore we are seeing similarly orchestrated distribution here and that $16.50 or $15.50 will be achieved only as intermediate prices between $17 and $15.

But then, as soon as a trend is spotted it is important that the rules change.

John.
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